Trade Report: The Canaccord Genuity Reiterates “Buy” Rating for TT Electronics plc (TTG)

The Canaccord Genuity Reiterates “Buy” Rating for TT Electronics plc (TTG)

TT Electronics plc (LON:TTG)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity in a note issued to investors on Thursday. They presently have a GBX 180 ($2.25) target price on the stock. Canaccord Genuity’s target price would indicate a potential upside of 32.35% from the stock’s previous close.

TTG has been the topic of several other research reports. Peel Hunt raised shares of TT Electronics plc to a “buy” rating and lifted their price target for the stock from GBX 150 ($1.87) to GBX 175 ($2.19) in a research note on Friday, August 12th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 180 ($2.25) price target on shares of TT Electronics plc in a research note on Thursday, November 17th. Finally, Liberum Capital reaffirmed a “hold” rating and set a GBX 150 ($1.87) price target on shares of TT Electronics plc in a research note on Monday, August 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. TT Electronics plc has an average rating of “Buy” and an average target price of GBX 167.14 ($2.09).

Shares of TT Electronics plc (LON:TTG) opened at 136.00 on Thursday. TT Electronics plc has a one year low of GBX 116.43 and a one year high of GBX 168.25. The stock has a 50 day moving average of GBX 138.00 and a 200-day moving average of GBX 137.58. The stock’s market capitalization is GBX 220.46 million.

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